How The BitCoin Bitclub Network Works Questions And Answers – Part 3

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin on your behalf to grow a stable and increasing investment for you, please join BitClub for free at http://bitclub.network/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at http://clyde-thorburn-seo-specialist-johannesburg.strikingly.com/#contact-clyde-thorburn.

How Are Mining Earnings Paid? Bitclub pay mining earnings every day. However, because of the variance described above Bitclub pay out earnings based on the average of the previous 10 days and then adjust it accordingly for the next 10 days. When you first purchase a share of any pool you will not start earning BitCoin for 30 days. This is how Bitclub stabilizes the pay out and it also allows Bitclub a nice window to purchase and install new equipment. After these initial 30 days you begin earning BitCoin daily for 1,000 days. Maintenance Fees and Repurchases? Each day you will earn a percentage of BitCoin mined that will be instantly available for you to withdrawal, you also see another percentage automatically held to cover electricity, maintenance, hosting and for purchasing new mining equipment. There is a minimum percentage for each pool and these holdover amounts are redeemed in the form of additional shares when they reach a set threshold. Each pool will automatically re-purchase a partial share when it reaches 2.5% of the total share cost of that pool. You will see your total shares increase for 1,000 days as you pay back a percentage every few days.

Who Owns BitClub Network? The BitClub Network is not owned in a traditional structure, it is run by a group of programmers, BitCoin mining experts, and investors who have come together with Network Marketing leaders to offer a simple referral based mining pool that everyone owns! You could say Bitclub have created a decentralized corporate structure that has no single point of failure. Everyone knows their role and Bitclub really do have an incredible team assembled. However, Bitclub prefer to let the technology and the Bitclub business model do all the talking and Bitclub like to think everyone who owns a share of Bitclub pools owns a piece of the BitClub Network too. Where is BitClub Network located? Everywhere and nowhere. BitClub operates from all over the world and this structure is intentional so there is no single point of failure or compliance issue that will hold Bitclub back or get Bitclub shut down. Bitclub have multiple mining locations across Europe and mining facilities in Iceland. BitClub’s main hosting servers and mining pool servers are located in the Netherlands with redundancies in Hong Kong and Switzerland.

Bitclub programmers work remotely, Bitclub support staff work from their homes and Bitclub do not have a need for a physical location. Bitclub can fully operate this company virtually and thanks to Block Chain technology and other decentralized and distributed networks Bitclub also don’t need a traditional corporate structure. This limits the Bitclub overhead and allows Bitclub to pass these profits to the BitClub members. Is BitClub a Ponzi Scheme? No. Bitclub are actually mining and this can easily be verified. A Ponzi scheme has no product as it is just a money game set up to pay people with other people’s money and eventually it will crash and burn. Unfortunately, there are a lot of Ponzi cloud mining companies or just flat out scams taking advantage of this “mining front” but BitClub Network has a real opportunity for anyone to purchase mining equipment and earn profits from what is being mined. Bitclub don’t guarantee any return on investment but just share what is actually being mined. Bitclub strive to be very transparent about the mining and you are able to track everything on the Blockchain and see the Bitclub Mining pool running live. This is what Bitclub love most about Bitcoin. You can’t trick or fake it as everything is recorded in a public ledger for everyone to see.

Read more about Bitcoin and The BitClub Network at https://clydethorburnbitclubnetwork.wordpress.com/2017/10/02/how-the-bitcoin-bitclub-network-works-questions-and-answers-part-2/.

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